Fundación Mario Santo Domingo - Mejoramiento de vivienda - MFTransparency.org Truth In Lending Tables

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Institution

Fundación Mario Santo Domingo Carrera 45 NÂ° 34-01 Piso 2Barranquilla, Atlántico

Data approved: 2011-08-01

Data version: 1

Age of data: 168 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 150,406,793
Portfolio (USD)	USD 82,641.10
Active Clients with Loans	59
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Créditos destinados a financiar el mejoramiento de vivienda de los microempresarios.\rNo se financiarán acabados suntuosos ya que el crédito de mejoramiento tiene como principal objetivo adecuar la vivienda en condiciones habitables.

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 515,000
Maximum loan size	10,300,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	60.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	20.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

	Fee 1	Fee 2
Description	Comisio de microcredito autorizada por el Consejo Superior de la Microempresa (MIPYME)	PAPELERIA (MIPYME)
% of loan amount - min	7.50%	0
% of loan amount - max	7.50%	0
OR, Fixed amount - min	0	37,120
Fixed amount - max	0	37,120
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	Yes

Upfront Insurance Fees

	Ins 1
Description	Garantia Fondo Nacional de Garantias (para algunos prestamos) (cobrado anualmente)
% of loan amount - min	1.35%
% of loan amount - max	3.10%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Mejoramiento de vivienda samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 3,000,000	COP 5,000,000	COP 6,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-05-27	2011-05-27	2011-06-14
Loan Term (Months)	30.0 months	48.0 months	36.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	31.7%	30.3%	30.6%
Insurance Component	0.0%	0.0%	5.3%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.7%	30.3%	35.9%
Transparency Index	63	66	56

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Mejoramiento de vivienda Price Graphs

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Key Statistics
# Samples:
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# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

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